Capesize
On the C5 front, we see volumes from miners, operators, and some tenders primarily for second half of March dates. In comparison, things are quieter on the East Australia and Pacific front albeit a slight increase in enquiries from last week. Volumes on South Africa and Indian business remains relatively flat. On C3 ex Brazil to China and West Africa, enquiries are primarily for second half of March dates, and we see some for forward April dates too. Far East tonnage has tightened from last week. Ballasting tonnage weighs heavily on second half of March while tonnage with first half of March dates are scarce. On C5, we see a healthy level of activity with fixtures concluding at high USD 11 pmt levels at mid-week. On C3 and West Africa, we see an uptick from last week with fixtures concluding north of USD 27 pmt levels for second half of March dates. One known fixture of a 180k dwt, 2016-build, non scrubber for 11-14 months at USD 30,000 per day.
Panamax
This week’s Panamax market reveals a nuanced landscape: The Pacific region displayed resilience with healthy demand across traditional loading origins, notably for grain round trips, buoyed by potential upticks from South America. In contrast, the Atlantic faced challenges, particularly in the North, where an excess of unfixed tonnage pressured rates downward, despite slight improvements in the South Atlantic for early April South America FH trips. The overall market sentiment was cautious, with a muted start to the week and continued concerns over fundamental demand and rate declines in the Atlantic, highlighting the market’s mixed dynamics and the critical need for volume influx to stabilize conditions.
Supramax
Quiet week so far in the Atlantic. Not much movement in the TA market, and vessels being fixed at last done levels. Good chunk of vessels positioned in ECSA however deals still being done at last done levels. Handy being fixed for ECSA-Mediterranean/USG trips around USD 13,000-14,000 levels. On the Supra/Ultra sizes, we are seeing fixtures reported for ECSA-TA/Mediterranean at low USD 20,000 levels. On the other hand, the Pacific is buzzing with activity and deals being concluded at higher rates vs the last done levels. Indonesia-China Supra stem hearing being done at close to USD 20,000 levels. Period market seeing a lot of activity and quite a few deals reported this week. Sentiment remains positive for Pacific markets.
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Source : Fearn pulse
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